Insider Selling: Ouster (NASDAQ:OUST) COO Sells 30,000 Shares of Stock

Key Points

• Ouster COO Darien Spencer sold 30,000 shares on May 26 at an average price of $45.00, for proceeds of $1.35 million. After the sale, Spencer still held 342,366 shares, reducing ownership by about 8.06%.
• OUST shares were trading higher around $44.23, up 3.6% on the day, near its 12-month high of $45.95. The stock has also seen unusually heavy volume compared with its average trading activity.
• Analyst sentiment is mixed but generally cautious-to-neutral, with a consensus Hold rating and a consensus price target of $42.80. Recent moves included Rosenblatt raising its target to $53 and reiterating a Buy, while Cantor Fitzgerald cut its rating to Neutral.

Ouster, Inc. (NASDAQ:OUST - Get Free Report) COO Darien Spencer sold 30,000 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer owned 342,366 shares of the company's stock, valued at approximately $15,406,470. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Darien Spencer also recently made the following trade(s):

• On Thursday, March 12th, Darien Spencer sold 10,938 shares of Ouster stock. The shares were sold at an average price of $23.43, for a total transaction of $256,277.34.

Ouster Trading Up 3.6%

NASDAQ:OUST traded up $1.53 on Wednesday, reaching $44.23. 5,669,402 shares of the stock traded hands, compared to its average volume of 2,701,451. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -45.60 and a beta of 3.06. Ouster, Inc. has a 12 month low of $10.60 and a 12 month high of $45.95. The company's fifty day simple moving average is $25.30 and its 200 day simple moving average is $23.50.

Institutional Trading of Ouster

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Ouster by 2,532.6% in the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock worth $27,000 after acquiring an additional 1,089 shares during the period. Larson Financial Group LLC grew its stake in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company's stock worth $43,000 after acquiring an additional 1,067 shares during the period. Gordian Capital Singapore Pte Ltd grew its stake in shares of Ouster by 38.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 2,900 shares of the company's stock worth $78,000 after acquiring an additional 800 shares during the period. Van ECK Associates Corp grew its stake in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company's stock worth $97,000 after acquiring an additional 525 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ouster in the third quarter worth approximately $120,000. 31.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on OUST shares. Oppenheimer restated an "outperform" rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Weiss Ratings initiated coverage on shares of Ouster in a research note on Friday, May 15th. They issued a "sell (d-)" rating for the company. Cantor Fitzgerald lowered shares of Ouster from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities lifted their price target on shares of Ouster from $40.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ouster presently has a consensus rating of "Hold" and a consensus target price of $42.80.

Trending Headlines about Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Ouster announced a strategic agreement with ARGUS Interception to strengthen counter-drone systems using its digital lidar technology, reinforcing its presence in the defense and autonomous systems markets. ARGUS Interception and Ouster Announce Strategic Agreement to Strengthen the Precision and Reliability of Counter-UAS Systems with Digital Lidar
• Positive Sentiment: Rosenblatt Securities raised its price target on Ouster to $53 from $40 and reiterated a buy rating, signaling higher confidence in the stock’s growth outlook. Ouster price target raised to $53 at Rosenblatt
• Positive Sentiment: Additional coverage highlighted Ouster’s momentum in defense and autonomous technology, helping fuel buying interest and pushing the stock to a multi-year high. Ouster Shares Rise As Defense Push, Analyst Targets Hike Boost Momentum
• Neutral Sentiment: The company’s COO, CTO, and CRO all disclosed stock sales, including a large sale by CTO Mark Frichtl, which may raise some caution about insider confidence, though the sales do not necessarily indicate a change in business fundamentals. SEC insider filing for Mark Frichtl SEC insider filing for Darien Spencer SEC insider filing for Cyrille Jacquemet

About Ouster

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.

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